1 Mark Question Answers for Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm - Admission of a partner
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About this Question Bank
1 Mark Question Answers for Class 12 Accountancy Chapter 3 Reconstitution of a Partnership Firm - Admission of a partner is a question bank PDF for CBSE Class 12 Accountancy students, focused on the Admission of a Partner chapter.
Topics in this chapter include:
- Accounting treatment of Goodwill as per AS-26: Premium in cash, kind, hidden goodwill, and write-offs
- Adjustment of Partners' Capital Accounts: Based on new partner's or existing capitals
- Calculation of new profit-sharing ratio and sacrificing ratio under different cases
- Effects of admission of a new partner
- Revaluation of assets and reassessment of liabilities upon admission
- Treatment of accumulated reserves, profits, and losses upon admission
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Frequently asked questions
Is this Admission of a Partner question bank based on the CBSE Class 12 Accountancy syllabus?
Yes. This PDF contains chapter-wise question bank practice for Admission of a Partner from the CBSE Class 12 Accountancy syllabus.
Does this PDF contain answers?
Yes. This PDF includes an answer key.
Can I use these questions for board exam preparation?
Students use this question bank for revision, homework, chapter tests and board exam practice. It focuses on Admission of a Partner.
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